In the near future, large investors will start to “merge” Bitcoin masovo, which will lead to a sharp collapse of the first cryptocurrency rate, analysts say the leading information provider for professional participants in financial markets is the Bloomberg publication.
Bloomberg analysts, after examining the data of the Moving Average Convergence Divergence technical indicator (MACD), which demonstrates the decline in demand for digital money from mid-February, concluded that a sharp weakening of interest in cryptocurrency by investors will not allow it to go up. At the beginning of the year, Bitcoin had already exceeded the $ 4,000 price mark several times, but had never been able to stay at this level. Experts believe that the pressure on traders has increased dramatically and a massive sale of cryptocurrency will soon occur.
Experts Bloomberg reported that market conditions are similar to those that were in November 2018, when Bitcoin was going to update the annual minimum. According to one of the analysts of the agency Mike McGlone, the entire blockchain industry has matured in order to resume the path to decline.
At the time of publication, Bitcoin continues to trade at around $ 3,900, at that level it has been practically from the beginning of March.